Walkthrough & Usage

Kredex is designed to be simple for both borrowers and lenders. Here is the typical workflow for each type of user.

For Borrowers

1. Sign Up & KYC:
   • Log in seamlessly with your Freighter Wallet or use passwordless Passkeys.
   • Navigate to the KYC Verify page and complete your SEP-12 identity verification.
2. Build Reputation:
   • Your on-chain reputation score starts at a baseline level (e.g., 250).
   • This score determines your borrowing limit.
3. Request a Loan:
   • Go to Apply for Loan.
   • Enter your requested amount (up to your limit) and duration.
   • Wait for a lender to fund your loan from the marketplace or for it to be fulfilled by a lending pool.
4. Repay & Earn Trust:
   • Once your loan is due, navigate to Repay Loan.
   • Sign the Soroban transaction to return the principal plus interest.
   • A successful repayment boosts your on-chain reputation score, unlocking higher borrowing limits for your next loan!

For Lenders

1. Sign Up & Connect Wallet:
   • Log in and connect your Freighter Wallet (Stellar Testnet).
2. Explore the Marketplace:
   • Go to the Loan Marketplace.
   • Browse open loan requests and view borrower metrics (Reputation Score, KYC Status, Requested Amount).
3. Fund a Loan:
   • Click Fund Loan on any request you like.
   • Sign the Soroban escrow transaction. Your funds are locked securely until the borrower repays or defaults.
4. Pool Investment (Passive Income):
   • Don’t want to pick loans manually? Go to Pool Investment.
   • Deposit XLM into the automated lending pool. The pool automatically funds high-reputation borrowers and shares the yield with depositors.
5. Monitor Your Portfolio:
   • Check the Portfolio and History tabs to track your active loans, earned interest, and upcoming repayments.